Economic Crisis Terms

noun the act of suddenly falling down or giving way

verb to fall down or give way suddenly

• The company faced financial difficulties which ultimately led to its collapse.
• I heard that the old building might collapse soon if they don't renovate it.
• The party was so wild, I thought I was going to collapse from exhaustion.
• Her world seemed to collapse when she received the devastating news.

noun A housing development that is either completely or partially uninhabited or unfinished, often due to economic or financial reasons.

• The government is considering redeveloping the ghost estate to address the housing shortage.
• I heard they're finally doing something about that creepy ghost estate down the road.
• That ghost estate gives me the heebie-jeebies, man.
• The abandoned mall felt like a ghost estate, with empty storefronts and no signs of life.